Concern over higher inflation for April continued to weigh on the local stock market. The main index declined 31.00 points or 0.47 percent to close at 6,615.55 due to the weakness of the Property and Services counters as most other sectors were in the green. Volume rose to 764 million shares worth...
Jollibee Foods Corporation, one of the largest Asian food service companies, is amending its Articles of Incorporation so it can no longer directly own real estate, a move that will pave the way for more foreign shareholders in the most successful homegrown Filipino brand. In a disclosure to...
The Department of Finance (DOF) said that the Philippine government is on track to finalize four loan agreements with the Japan International Cooperation Agency (JICA) this year. According to the DOF, these loan agreements, estimated at $1.5 billion (P86.4 billion), are earmarked for projects...
The local stock market weakened as investors took profits before trading stops for Labor Day. The main index dropped 69.15 points or 1.02 percent to close at 6,700.49 as the Property counter led the retreat across all sectors. Volume surged to 1.4 billion shares worth P20.13 billion due to a block...
State-run Philippine National Oil Company (PNOC) has cemented a memorandum of understanding (MOU) with LBP Resources and Development Corporation (LBRDC), a subsidiary of Land Bank, for the rollout of solar rooftop installations at the latter’s economic zone domains. According to PNOC President...
Maharlika Investment Corp. (MIC), the operator of the country's sovereign wealth fund, has partnered with the Bases Conversion and Development Authority (BCDA) to explore investment opportunities for its properties, including Clark Freeport and Special Economic Zone. BCDA President and Chief...
Clubhouse drop off aerial view (Artist's perspective) Dreams come in many forms — whether it's landing that dream job or providing a sanctuary for our loved ones. For those who yearn for an authentic Japanese- style living experience, Yume at Riverpark offers the perfect blend of minimalist...
The local stock market surged on the back of window dressing and the further easing of tension in the Middle East. The main index jumped 140.89 points or 2.13 percent to close at 6,769.64 led by the strength of Banks although Miners retreated. Volume rose to 603 million shares worth P5.32 billion...
(MANILA BULLETIN) The new chairman of the House Committee on Trade and Industry lectured the National Economic and Development Authority (NEDA) Monday, April 29 on why its free trade-centric mindset can't help the country achieve food security. ...
Filinvest Development Corporation (FDC), the investment holding company of the Gotianun family, is confident of achieving its earnings growth target of at least 20 percent in the next five years. During the firm’s annual stockholders’ meeting, FDC President and CEO Rhoda A. Huang said “FDC...
The Department of Social Welfare and Development (DSWD), in a statement on Saturday, April 27, held an awarding ceremony in Mandaue City, Cebu to recognize the dedication and hard work rendered by Regional Program Management Offices (RPMOs) and Area Coordinating Teams (ACTs) across the nation....
Despite the decline in US stocks, the local bourse rose further on bargain hunting amid rosy first quarter earnings reports. The main index added 53.87 points or 0.82 percent to close at 6,628.75 led by the strong jump of the Industrial sector while the Services counter was slightly lower. Volume...
